Civic Intelligence

World City Center Foundation

EIN 82-1699587 • 501(c)3 • Los Angeles, CA

Profile

The mission of world city center foundation is to offer a development appropriate stimulating and nurturing environment through play and dual language learning

3911 W Adams BlvdLos Angeles, CA 90018
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.70x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

5.19x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

31st percentile

-2.5%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

6.4%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$3,374,310

Down $86,652 (-2.5%) from 2022

Liabilities

Flat

$2,350,184

Flat from 2022

Net Assets

Down

$1,024,126

Down $86,652 (-7.8%) from 2022

Operations
Liabilities / Revenue97th percentileNet Margin94th percentile

Revenue

Up

$452,725

Up $27,040 (+6.4%) from 2022

Expenses

Up

$145,192

Up $21,918 (+18%) from 2022

Net Income

Up

$307,533

Up $5,122 (+1.7%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $882,609Liabilities 2019: $817,609Net Assets 2019: $65,0002019Assets 2021: $6,939,449Liabilities 2021: $5,790,326Net Assets 2021: $1,149,1232021Assets 2022: $3,460,962Liabilities 2022: $2,350,184Net Assets 2022: $1,110,7782022Assets 2023: $3,374,310Liabilities 2023: $2,350,184Net Assets 2023: $1,024,1262023

Highlighted filing

2023

Assets$3,374,310
Liabilities$2,350,184
Net Assets$1,024,126
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2019: $65,000Expenses 2019: $0Net Income 2019: $65,0002019Revenue 2021: $1,201,780Expenses 2021: $133,024Net Income 2021: $1,068,7562021Revenue 2022: $425,685Expenses 2022: $123,274Net Income 2022: $302,4112022Revenue 2023: $452,725Expenses 2023: $145,192Net Income 2023: $307,5332023

Highlighted filing

2023

Revenue$452,725
Expenses$145,192
Net Income$307,533
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$3,374,310
Liabilities
$2,350,184
Net assets
$1,024,126
Revenue
$452,725
Expenses
$145,192
Net income
$307,533
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.37$2.35$1.02$0.45$0.15$0.31
2022Summary only. Only limited summary data is available for this year.$3.46$2.35$1.11$0.43$0.12$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.94$5.79$1.15$1.20$0.13$1.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.82$0.07$0.07$0.00$0.07
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.2
Gross Receipts
$1,201,780
Mission and Program Overview

Mission

The mission of world city center is to offer a development appropriate stimulating and nurturing environment through play and dual language learning.

The mission of world city center is to offer a development appropriate stimulating and nurturing environment through play and dual language learning

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$2,093,259$5,790,326▲ $3,697,067
Land, Buildings, and Equipment, Net-$4,556,385-
Receivables From Officers Etc$2,120,072$2,350,184▲ $230,112
Rtn Earn Endowment Incm Other Fnds$68,565$1,149,123▲ $1,080,558
Cash and Non-Interest-Bearing Accounts$41,752$32,880▼ $8,872
Total Assets$2,161,824$6,939,449▲ $4,777,625
Liabilities
Total Liabilities$2,093,259$5,790,326▲ $3,697,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,565$1,149,123▲ $1,080,558
Total Liabilities and Net Assets / Fund Balance$2,161,824$6,939,449▲ $4,777,625
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Andre GainesDirector
Lauren GainesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,201,780
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,201,780
Change in Net Assets
$1,068,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$127,002-$127,002
Other Expenses-$3,428-$3,428
Total Functional Expenses$0$132,902$0$133,024
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,093,259$5,790,326▲ $3,697,067
Receivables from Officers, Directors, Trustees, and Key Employees$2,120,072$2,350,184▲ $230,112
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
World City Center Foundation
EIN
82-1699587
Phone
3106211803
Address
3911 W ADAMS BLVD, LOS ANGELES, CA 90018
Doing Business As
World City Center Foundation

Signing Officer

Name
Andre Gaines
Title
Director
Phone
3106211803
Signed
2022-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Andre Gaines
Formed
2017
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Block Advisors
Address
1259 WESTWOOD BLVD, LOS ANGELES, CA 90024
Preparer
Asma Sultana
Phone
3104734785
Supplemental Narrative

Additional Explanations

Expenses

“Total expenses on form 990 carried to line 18 $133024”

Revenue

“Other income $5000 rental income $196780 and donations $1000000”

Raw XML Appendix266 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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